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  1. Oil demand is declining

    But according to OPEC, oil will remain the largest energy source until 2040. The Organisation of Petroleum Exporting Countries (OPEC) has published its annual World Oil Outlook providing a detailed medium-term (until 2024) and long-term (until 2040) oil market analysis. OPEC has downwardly revised its earlier forecasts for global oil demand citing recent signs of stress in the global economy and lower growth outlook, at least in the short and medium-term. From growth to decline According...

  2. The EU’s recycling roadmap

    The EU has set a goal of recycling 10 mt of plastic per year by 2025. The lengthy declaration and its commitments for reaching the EU target, set by the European Strategy for Plastics, were presented and adopted at an event in Brussels, Belgium, today (20 September). The alliance, made up of public and private stakeholders in plastics value chains, is part of the Commission’s efforts to reduce littering of plastics, to increase the volume of plastic material that is recycled, and to stimulate market...

  3. The future of the EU chemical industry

    Cefic launches 2050 vision for EU chemicals. Cefic has published its vision for Europe’s chemical industry in 2050, in a report entitled Molecule Managers. The association has developed an eight-point plan for the chemical industry in Europe to be successful in 2050, based on key themes. These include geopolitics, economics, circularity, climate, environment, industry, digitalization, and the United Natons strategic development goals. The report launches a dialogue about the future of the...

  4. Top tech trends on Twitter

    ... in detailed and explanatory conversations and seek to place AI in real-life contexts will be the big winners of the tech race. Chatbots have a wide variety of applications from assisting with daily tasks to entertainment. Augmented analytics powered by machine learning is another big AI trend for 2019. By providing greater access to big data insights event for non-experts, it will help companies strengthen their brands and improve efficiency across multiple business areas. One more ...

  5. Polymers in food packaging

    Increasingly fierce competition sets food companies on a never-ending quest for new packaging solutions. Ensuring freshness Nikolai Logachev, CEO of cheesemaker Aldini, says that manufacturers have three priorities when it comes to packaging – design, image quality, and guaranteed shelf life. Modern polymer packaging offers all that plus an array of choice of innovative materials and storage options made possible by rapid advancements in this area. For example, antifog films have been an...

  6. 2019 – industry at a glance

    Steve Zinger , Senior Vice President for Petrochemicals onWood Mackenzie’s chemicals team, shares his thoughts on key industry trends for this year. In the 1967 film 'The Graduate', a bold prediction was made: “There is a great future in plastics." Since then, global consumption of plastics and new applications have been the main demand drivers of the petrochemical industry. Even in 2018, plastics continued to take centre stage for the world’s petrochemical industry. Global...

  7. Global basic chemicals outlook

    The global basic chemicals industry has been experiencing an extended up-cycle. But the strong growth and elevated profitability appears to be threatened by developing economic headwinds. Basic chemicals for this discussion include ethylene, propylene, methanol, benzene, paraxylene, and chlorine. These six chemical products represent the basic building blocks from which a significant amount of durable and non-durable consumer goods are produced. Roughly half of these chemicals are converted into...

  8. What threatens the growing ethylene market?

    Strong consumer demand for everyday products from plastic packaging to clothing spurred the ethylene market growth. The market will expand by 3.4% annually, believes Vince Sinclair, Vice President of Chemical Research, Wood Mackenzie Chemicals. Ethylene is the most produced organic compound globally and the backbone of the processing industry. According to Alto Consulting Group's estimates, in 2017, the ethylene market achieved a growth of 2.6%. This surge has been driven by strong demand coupled...

  9. The golden age

    According to Roger Green , Vice President for Chemical Consulting (Europe, CIS and Africa) at IHS Markit, the petrochemical industry is in its golden age now. We live in interesting times. Technology continues to develop rapidly and to generate unprecedented changes in our daily lives, with petrochemistry involved in every part of our daily lives fr om our morning shower to an evening relaxing with entertainment provided on an electronic tablet. Transportation Shapes our Lives Over the...

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